The Monetary Committee

​The Monetary Committee was established under the Bank of Israel Law, 5770-2010. The Monetary Committee has six members. Three are from the Bank - the Governor, who serves as chairperson of the Committee, the Deputy Governor, and an additional Bank employee who is appointed by the Governor. The other three members of the Committee are representatives of the public. The Monetary Committee sets the policy for achieving the Bank's objectives, including monetary policy, and it decides the operations required to achieve those objectives.